PROPOSAL4:RATIFICATIONOFTHEAPPOINTMENTOFPRICEWATERHOUSECOOPERSLLPASOURINDEPENDENTAUDITORFOR2023 ARCCommitteeReport During2022andearly2023,amongotherthings,theARCCommittee: • ReviewedanddiscussedwithmanagementandtheindependentauditortheCompanysquarterlyearningspress releases,financial statementsand relatedperiodicreportsprior to filing with the SEC; • Reviewedanddiscussedwithexecutivemanagement,theinternalauditteamandtheindependentauditorthescope, adequacyandeffectivenessoftheCompanysinternalaccountingandfinancialreportingcontrolsandtheindependent auditors opinion on the effectivenessof the Companysinternalcontrol over financial reporting; • Monitoredandevaluatedtheindependentauditorsqualifications,performance,internalqualitycontrolproceduresand independenceonanongoingbasis; • Reviewedanddiscussedwithmanagement,theindependentauditorand,asappropriate,thechiefaccountingofficer, theauditscope,anysignificantmattersarisingfromanyauditandtheauditplansofboththeinternalauditdepartment andtheindependentaudit; • ReviewedanddiscussedtheCompanysenterprise-wideriskmanagementprogramandoverallriskmanagement framework,includingpoliciesandpracticesestablishedbymanagementtoidentify,assess,measureandmanagekey current and emergingrisksfacingtheCompany; • ReviewedanddiscussedtheCompanysenterprise-widecomplianceprogramandglobalfinancialcrimesprogram, includingcompliancerisks,managementactionsonsignificantcompliancematters,progressofmajorcompliance initiatives and reports concerning the Companyscompliancewithapplicablelawsandregulations; • ReviewedwiththeGeneralCounselandChiefRiskandComplianceOfficer,asapplicable,anysignificantlegal, complianceorregulatorymattersthatcouldhaveamaterialimpactontheCompanysfinancialstatements,businessor compliancepolicies,includingmaterialnoticestoorinquiriesreceivedfromgovernmentalagencies; • Reviewedanddiscussedwiththeindependentauditorandmanagementtheauditedfinancialstatementsinthe Companys2022AnnualReportonForm10-K,includingadiscussionofthecriticalauditmattersidentifiedbythe independentauditor,thequality(notmerelytheacceptability)of theCompanysaccountingprinciples,the reasonablenessofsignificantjudgmentsandestimatesandtheclarityofthedisclosuresinthefinancialstatements;and • Heldseparateexecutivesessionswiththeindependentauditor,theinternalauditdepartment,theinternalSarbanes- OxleyActof2002(“SOX”)teamandexecutivemanagementtoenablethemtodiscusslegal,accounting,auditingand internal controls matters privately with the ARC Committee. TheARCCommitteehasdiscussedwithPwCthemattersrequiredtobediscussedbytherequirementsofthePCAOBand theSEC.Inaddition,theARCCommitteehasdiscussedwithPwCitsindependencefromPayPalanditsmanagement, receivedthewrittendisclosuresandtheletterrequiredbyapplicablePCAOBrequirementsregardingtheindependent auditors communicationswiththeARCCommitteeconcerningindependenceandconsideredwhetherPwCsprovisionof non-auditserviceswascompatiblewithmaintainingtheindependentauditorsindependence. Asprovidedinitscharter,inadditiontoevaluatingPwCsindependence,theARCCommitteeassessedPwCs performanceasindependentauditorduring2022.Aspartofitsannual,comprehensivereviewofPwCtodetermine whethertore-appointthefirmforthefollowingfiscalyear,theARCCommitteereviewsavarietyofindicatorsofaudit quality including: the quality and candor of PwCs communicationswith the ARC Committeeandmanagement;thequality andefficiencyoftheservicesprovided,includinginputfrommanagementonPwCsperformanceandhoweffectivelyPwC demonstratesitsindependentjudgment,objectivityandprofessionalskepticism;externaldataonauditqualityand performance,includingrecentPCAOBreportsonPwCanditspeerfirms;PwCsglobalcapabilities,technicalexpertiseand knowledgeoftheCompanysglobaloperations,accountingpoliciesandpracticesandinternalcontroloverfinancial reporting; the appropriatenessof PwCs fees; PwCs tenure as the Companysindependentauditor;andthecontrolsand proceduresinplacetomaintainPwCsindependence.Asaresultofitsevaluation,theARCCommitteeconcludedthatthe appointmentofPwCastheCompanysindependentauditorforthefiscalyearendingDecember31,2023isinthebest interests of the Companyanditsstockholders. BasedontheARCCommitteesreviewsanddiscussionsdescribedabove,theARCCommitteerecommendedtothe BoardthattheconsolidatedauditedfinancialstatementsbeincludedinPayPalsAnnualReportonForm10-Kfortheyear endedDecember31,2022forfilingwiththeSEC. TheARCCommitteeoftheBoard DavidM.Moffett(Chair) RodneyC.Adkins BelindaJ. Johnson EnriqueLores DeborahM.Messemer AnnM.Sarnoff FrankD.Yeary 96 •2023ProxyStatement